Uncovering the crazy growth of $DOGE : 5 billion new coins are added every year, and everyone is paying for it?
The issuance mechanism of Dogecoin is really unique, and it can even be related to GPT! Some people are curious: Are these 5 billion new coins issued slowly every day or all at once?
ChatGPT gave the answer: The new coins of Dogecoin are rewarded slowly through the blockchain every day, not all at once. Just like every minute the blockchain produces a new small package, which contains 10,000 Dogecoins. In this way, 14.4 million new coins are born every day, and more than 5.2 billion are accumulated in a year.
This mechanism is designed very cleverly, ensuring that new blood is added to Dogecoin every year, 5 billion coins a year, unshakable.
By 2024, the value of Dogecoin has soared to about 66 billion US dollars, and there are 147 billion Dogecoins in circulation. The value is the current unit price multiplied by the number of circulation, and this number of circulation is increasing every year, because Dogecoin has no limit, and 5 billion new members will be added every year.
Looking forward ten years, Dogecoin's issuance strategy will remain the same, 5 billion new coins a year, unshakable. In this way, 50 billion new members will join in ten years. By 2033, although the proportion of newly added Dogecoin in the total amount will become smaller and the inflation rate will also decrease, the rewards for mining partners will still be sufficient, and the network can run steadily.
This growth method of Dogecoin is actually its feature. Unlike Bitcoin, Dogecoin has no upper limit, and 5 billion new members will be added every year. In this way, mining partners can get rewards, the network can remain safe, and transactions can proceed smoothly, and will not become tight due to fixed quantities.
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